409 Minor Ave NE,Palm Bay,FL,32907

Investment Highlights

Rental property for sale in Palm Bay at 409 Minor Ave NE, Palm Bay, FL, 32907 offers $1,866/mo rent that, after a $1,272/mo payment, leaves $141/mo cash flow. Total monthly income is $1,866/mo, and annual cash flow is $1,696/yr on $86,157 cash. Return on cash invested measures 21.88% in year one, and rental yield stands at 8.62% at a $259,900 entry. Equity gained on principal adds $1,677/yr while 5% annual appreciation compounds into $71,806 by year five. Five-year ROI records 114.01% and total cumulative return in cash reaches $98,230. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,866/mo property income versus a $1,272/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.